Archive for June, 2010


June 30, 2010 Leave a comment

The detailed rules, procedures, entitlement, purposes, etc for grant of  concession are contained under different serial numbers in IRCA Coaching Tariff,  Part I (Vol. II) which can be purchased from the General Secretary, I.R.C.A.,  Chelmsford Road, New Delhi. For any complaints or clarifications, the General  Manager or the Chief Commercial Superintendent of the concerned Zonal Railway  Administration should be approached. The important general rules for concession,  in reference to the above mentioned Tariff, are as under:

1.(a)All concessional fares shall be calculated on the basis of fares for  Mail/Express trains irrespective of the type of train, i.e. Mail or Express or  Passenger, by which the passenger travels.

(b)Concession shall not be granted for any journey the cost of which is borne by  the Central or State Government or a local authority or a Statutory body or a  Corporation or a Government Undertaking or a University.

However, the students participating in the tournaments held or recognized by the  schools or universities will be eligible to the concession.

(c)Concession shall be admissible only in respect of basic fares. No concession  is admissible in respect of other charges, viz. superfast sucharge, reservation  fee, etc. However, in cases where concession has been allowed in  Rajdhani/Shatabdi/Jan Shatabdi trains, the concession shall be admissible in the  total charges (including catering) of these trains.

(d)The concessions will be admissible subject to the minimum distance of 300  Kms, except in the case of students, blind, orthopaedically  handicapped/paraplegic persons, TB and Cancer patients, Kidney patients,
non-infectious leprosy patients, mentally retarded persons, thalassamia major  disease patients, Heart, Hemophilia Patients, War Widows, Widows of IPKF, Widows  of martyrs of operation Vijay 1999 (Kargil), Widows of defence personnel killed  in action against terrorists & extremists, National Awardee Teachers, Shram  Awardee Industrial Workers, Widows of Policemen killed in action against
terrorists & extremists, Senior Citizens, Allopathic Doctors, parents  accompanying the National Bravery Awardee child, Police Medal Awardees,  Dronacharya Awardees coaches, sportsmen, Unemployed Youths for attending  interviews for jobs, and their escorts, wherever admissible under the rules, in  whose case the above mentioned distance restriction will not apply. However, the  distance restrictions otherwise applicable to general public for travel in each  individual train will apply for issue of concessional tickets also.

2.Only one type of concession is admissible at a time at the choice of passenger  and no person is allowed two or more concessions simultaneously.

3.(a) Break of journey en-route shall not be allowed on a concession ticket for  a journey for a specific purpose viz. a student travelling to/from an  examination Centre, a Cancer patient travelling to/from a hospital, a professor  travelling to/from a Conference, etc. It is allowed only where a break of  journey is a natural event.

(b)Passengers breaking their journey are required to have their ticket endorsed  from the Station Master where journey is broken.

(c)Passengers terminating journey en route, must surrender their ticket at the  station where the journey is terminated. Refund for the untravelled portion on  such tickets will not be allowed.

4.Except Senior Citizens, concession on Indian Railway will be admissible on  production of the requisite certificate from the concerned Person/Organization  in India and the documents issued by persons / organizations in other countries  shall not be valid for the purpose of concession.

5.In the case of Senior citizens, no proof of age is required at the time of  purchasing tickets. Concession tickets are issued on demand made through the  option in reservation form. However, they are required to carry some documentary  proof showing their age or date of birth and produce it if demanded by some  Railway Official during the journey. Any document issued by any Government  Institution/ Agency/Local Body, like Identity Card, Ration Card, Driving  Licence, Pass Port, Educational certificate, certificate from  Panchayat/Corporation/ Municipality, or any other authentic & recognised  document, is acceptable for this purpose. The Pass Port issued by foreign  countries is also valid.

6.The holder of a concession ticket is not permitted to change the ticket to a
higher class even by paying the difference of actual fares. However, the
categories of persons eligible for concession in first class (and not in AC
2-tier) can purchase tickets for AC 2-tier sleeper also on payment of the first
class concessional fare plus difference of actual fares of AC 2-tier sleeper &
first class.

7.Save as otherwise specifically provided, concession is not admissible in
season tickets, circular journey tickets and prestigious trains like Rajdhani
Express, Shatabdi Express, etc. which have separate all inclusive fare
structure. Concession is admissible to any one in Garib Rath Express trains.

8.In case where concessional Single/Return Journey Tickets or Season tickets or
Circular journey tickets are to be issued for two or more persons, the
concessional fare shall be calculated separately for each person.

9.All the concessions are to be granted across the counters at Stations/
Reservation Offices/Booking Offices only. If some person enters the train
without ticket or without proper ticket or extends journey on concession ticket
or changes the concession to higher class, etc., he shall not be granted any
concession in train, even if he is otherwise eligible for it under the rules.



June 30, 2010 Leave a comment

Personal finance management tips for women

June 30, 2010 Leave a comment

   Women need to handle their finances differently from men. Mainly because of the  differences in the earning patterns and priorities that women set for themselves  their finances should be managed in a different manner. The basic goals of  personal finance remain the same, i.e.,

> Ability to meet daily expenses and lead a quality life

> Provide for emergencies and unplanned expenses and

> Savings for life after retirement

    However, the way in which men and women achieve these goals is different. While  men earn money uninterruptedly throughout their working lives, women often need  to take a break, especially when they have children.

    Other reasons like orthodox family backgrounds, change in location after  marriage, change in spouse’s job location, household responsibilities etc can  also require women to put their career on the back burner.
 Percentage of savings should be higher for women
   We have the much debated case of Mrs. Sudha Murthy- wife of Mr. Narayana Murthy,  founder of Infosys. The couple was instrumental in building the Infosys dream.  As the business started taking shape, the couple decided that one person was  required to take care of their home and family.

    Mrs. Murthy gladly stepped aside to be the homemaker and let her husband fulfill  his dream. Cases of women going abroad on a dependent visa with their husbands  are not uncommon.

    So, if a woman earning Rs. 50,000 per month takes a 5 year break from her job  because she wants to be at home with her child, her earnings and thus savings  take a hit of Rs. 30L.

    We have not yet considered any increment in her salary. If we consider that her salary increments by 20 percent each year, her loss of earnings will come to Rs.  44.65L. That’s a big number.

    Also, when she resumes work, she may have to compromise on the job profile,  position and hence salary. Therefore, the percentage of savings should be higher  for women during their working life

Retirement savings for women should also be higher

   Besides, the life expectancy for women is higher than men. So, the amount of  retirement savings for women should also be higher.

    Statistics show that, on an average, women live 5 years longer than men, earn 25  percent less during their life time and work 11 years less in their careers.

Importance of having an individual personal plan separate from your spouse

    It is important that women have a separate personal finance plan from her  family, be her parents or her husband. With changing times the need for separate  finances has increased. The rise in divorce rates is alarming. The surety of  life is also lower with increase in accidents and stress related ailments.

    If a woman handles her own finances she is well prepared to handle money matters  individually if the need arises. Knowledge of different investment avenues,  savings and expenses is important to run a family.

    A separate personal finance portfolio will prepare a woman to face financial  challenges. Also, she will not have to bear a monetary loss in the event of a  divorce.

Finance products and benefits that cater to the needs of women

    There are many products that are created for women. For example, insurance  companies have special policies for women. The country’s banking system has  several products launched for the female audiences.

    Our tax system also relaxes the tax bar for women. Income up to an amount of Rs.  1.90L is not taxable for women. This limit is Rs.1.60L for men. Click to check  out a few products catering to the needs of women

A personal finance plan for women should include the following:
    Regular Income: Even when women take a break from their careers, it is a good  idea to earn income from working a few hours a day. Taking tuitions, teaching a  hobby etc are common ways to earn a regular income even when one is not working  full time.

> Keep an emergency fund. Do not touch it unless it is a real emergency.

> Save and invest as much as you can. Invest in ‘high return’ investments. Some
part of the savings should go in to stocks and mutual funds as they have a high
earning potential. Look for women oriented products.

A personal finance plan for women should include the following:
> Time your investments for known expenses likes children’s education or

> Demarcate clear boundaries with your spouse for routine expenses. It will be
easier to determine personal monthly expenses and hence monthly savings.

> Track your savings and investments regularly.

> Have a financial plan. Save as much as you can at an early age when you have
limited responsibility.

    Assuming you plan to save 50 per cent of your income every month and wish to  invest in different investment products, you could compartmentalize your  investment into various risk categories. Click to see some risk categories for  investments

    You can change the portfolio as per your risk appetite. Life Insurance is a  must. However, it is advisable that you set aside the money for making premium  payments even when you are not working.

Categories: WOMEN

Personal finance management tips for women

June 30, 2010 Leave a comment
Categories: WOMEN

ESIC question paper leak: two arrested

June 30, 2010 Leave a comment

   Delhi Police today claimed to have cracked the case of leakage of question paper for lower division clerck in Employees State Insurance Corporation (ESIC) with the arrest of two unemployed graduates who scored high marks in the test through forgery, police said today.

   The arrested were identified as Badal Dass (28) and Nitin Biswas (25), both residents of Nadia district of West Bengal.

   The arrests came following investigations into a complaint filed by J K Chandel, Deputy Director ESIC.

   “There were four sets of question booklets having different numerical numbers to ensure that no two candidates sit near each other. But while scrutiny of the answer sheets of the candidates, it was noticed that some of the candidates had written set B on their answer sheets but the respective numerical number was not mentioned.

“These candidates scored well though some of these candidates were only intermediate.

Categories: Uncategorized

ESIC question paper leak: two arrested

June 30, 2010 Leave a comment
Categories: Uncategorized

Medical Council ponders common entrance exam for medical courses

June 30, 2010 Leave a comment

The board of governors that took over the functions of the Medical Council of  India (MCI) proposed today a common entrance exam for medical courses from the  next academic session all over the country.

  President of the board Dr. S.K Sarin said: “A common entrance will reduce the  hassles for students appearing for medical exams. At present, students have to  give 10-12 different exams for medical courses.”

“The common entrance aims to reduce the differences between the students and  institutions,” he added.

  The MCI is in consultation with the Central Board of Secondary Education (CBSE) for the proposed common entrance test. “The discussions are on with CBSE and  they are enthusiastic about the idea,” Dr. Sarin said.

Backing the continuation of health education under the health ministry, Dr.  Sarin said that the Health Ministry is supportive of the idea.

“Health education must be a part of the health ministry as it is crucial to the  whole health infrastructure,” Dr. Sarin said.

The common entrance test is proposed to cover both under-graduate (UG) and  post-graduate (PG) courses conducted by private and government medical colleges.

Recently, Human Resource Development (HRD) Minister Kapil Sibal also proposed a  common entrance exam for medical and engineering courses.

However, Dr. Sarin said that discussions have not reached that level as yet.

“Whether this common entrance will be conducted in tandem with HRD minister’s  proposal or not is yet to be ascertained,” board member Dr. Sita Naik said.  (IANS)

Categories: MEDICAL